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Masks are welcome to visit China often

Leaders of multinational corporations and their Chinese counterparts are becoming integral to the sustainable development of the global economy and business civilization

By Eric LiPublished 4 months ago 3 min read

Tesla founder Elon Musk's trip to China has plenty of signifiers. The world's richest man and head of an innovative company has met with senior Chinese government officials and visited Tesla's Shanghai Gigafactory. A whirlwind tour from May 30th was enough to show that, for all the cracks of the past few years, globalisation is still the direction top entrepreneurs want to push.

Since the outbreak control was lifted at the beginning of this year, there have been several small upsurges in visits by heads of multinational companies to China, from the China Development Summit in March to the Boao Forum for Asia. Recently, Starbucks' Steve Nashan and jpmorgan's Jamie Dimon visited China around the same time as Musk, and Nvidia CEO Jen-Hsun Huang also recently announced a trip.

New friends or old friends, the leaders of these multinational companies share a common message. For multinational companies, the importance of the Chinese market is self-evident -- compared to the past manufacturing dividend, the more important attraction now is that it has the largest market demand in the world, but also full of enthusiasm and hope for application and innovation.

No matter at the C end or the B end, those key men in different positions of the industrial chain are constantly reaffirming the value of the Chinese market, but they also express their desire for an open, diverse and inclusive global market. These captains of multinational corporations and their Chinese counterparts are becoming integral to the sustainable development of the global economy and business civilization.

Since the first Industrial Revolution, the global allocation of resources and the free trade of needed goods have given birth to the unprecedented rapid development in human history. A hundred years of history has fully proved the essence of Adam Smith's theory of national wealth. Back in China, reform and opening-up are the key to the great achievements we have made over the past four decades. Today, as we stand on the threshold of the new world of AI again, the power that enabled us to make the leap is still rooted in open communication and seamless collaboration.

Similarly, taking generative AI industry as an example, from the perspective of industrial development pace, after ChatGPT in Silicon Valley started the new wave of AI, Chinese digital technology companies also released large models one after another, showing a strong demand for computing power. From the perspective of the discussion on technology ethics, the recent joint statement by nearly 400 Chinese and American scholars, technology gurus and entrepreneurs is enough to prove that whether it is R&D innovation or applied innovation, only when China and the US complement each other better in resource endowment, the road to the world of artificial intelligence will be more smooth and secure.

In a sense, the spontaneous choice of market players and the warmth brought by entrepreneurs are the most important glue to bridge the many differences and differences between China and the United States. Musk has also made his expectations clear during his trip to China: the interests of the United States and China are intertwined like Siamese babies. Tesla opposes "decoupling and chain breaking" and is willing to continue to expand its business in China and share the country's development opportunities.

For this reason, we should be clearly aware that the business world may encounter unexpected storms and setbacks under the current tide of globalization, but we can still believe that business exchanges and interactions based on common interests can help us break down barriers and barriers, so that the door that has been opened will not be closed again. Because it will ultimately prove the value of openness and sharing. In fact, Chinese entrepreneurs are also exploring the wider world. They will be globalisation's enablers and will still benefit from an open global economy.

Masks are welcome to visit China often.

business wars

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Eric Li

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